No. 4: Russia

Russia is a perennial favorite for its low cost. It is the cheapest of the big four emerging markets, and considered the most risky. Heckman recommends increasing allocation to Russia drastically. Their model has gone from a 0.7% weighting to 6.1%. Market Vectors Russia (RSX): 3 mos: 1%, YTD: 9.08%, 1 yr: -2.04%, 5 yr: -42.71%.